Zambeef Products (LON:ZAM) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Zambeef Products PLC (LON:ZAMGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4.06 ($0.06) and traded as low as GBX 4 ($0.05). Zambeef Products shares last traded at GBX 4.01 ($0.05), with a volume of 100,000 shares.

Zambeef Products Price Performance

The business has a 50 day moving average price of GBX 4.03 and a two-hundred day moving average price of GBX 4.06. The company has a debt-to-equity ratio of 48.34, a quick ratio of 0.39 and a current ratio of 1.08. The stock has a market cap of £428.10 million, a PE ratio of 3.87 and a beta of -0.48.

Zambeef Products Company Profile

(Get Free Report)

Zambeef Products PLC, together with its subsidiaries, engages in the agri-businesses in Zambia, Nigeria, and Ghana. It operates through Retailing and Cold Chain Food Products and Cropping and Milling segments. The company engages in the production, processing, distribution, and retailing of beef, chicken, pork, milk, dairy products, eggs, edible oils, stock feed, and flour.

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